Largest Cardano Wallet Holds 1.93 Billion ADA as Whales Control Nearly Half of Supply

On Aug. 18, 2020, the largest Cardano address first became active and, according to Cexplorer, now holds 1.93 billion ADA. Subsequent data show this top wallet was last active about 27 days ago, while various whale tiers together control a substantial share of ADA's circulating supply. Recent developments also include multiple crypto ETF filings that feature Cardano, along with progress on a Bitcoin-Cardano bridge.